It holds about 70.3% of the total number of issued shares, or 2.991 billion shares in Sinarmas Land.
The billionaire Indonesian Widjaja family has made an offer to privatise its company Sinarmas Land (SGX:A26
) for 31 cents per share, according to a bourse filing earlier on March 27.
The offeror, Lyon Investments, includes executive chairman Franky Oesman Widjaja, CEO Muktar Widjaja and Margaretha Natalia Widjaja among its directors.
